STOCK TITAN

Director Matarazzo entity adds 30,000 Patria (PAX) Class A shares in open-market buys

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Patria Investments Ltd director-related entity buys more shares. Olympic Bahamas Limited, an entity owned and controlled by director Neto Olimpio Matarazzo, made two open-market purchases totaling 30,000 Class A Common Shares at weighted average prices of $11.31 and $11.48 per share.

Following these transactions, the entity holds 75,000 Class A Common Shares indirectly. Separately, Matarazzo’s direct and equity-award interests cover 425,724 Class A-related units and shares, including unvested restricted share units, matching share program units, and directly owned shares, underscoring a sizable overall stake.

Positive

  • None.

Negative

  • None.
Insider Neto Olimpio Matarazzo
Role null
Bought 30,000 shs ($342K)
Type Security Shares Price Value
Purchase Class A Common Shares 15,000 $11.48 $172K
Purchase Class A Common Shares 15,000 $11.31 $170K
holding Class A Common Shares -- -- --
Holdings After Transaction: Class A Common Shares — 75,000 shares (Indirect, See Footnote); Class A Common Shares — 425,724 shares (Direct, null)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.27 to $11.38, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.38 to $11.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4. Represents Class A Common Shares beneficially owned by Patria Holdings Limited, which were purchased and are directly held by Olympic Bahamas Limited, an entity owned and controlled by the Reporting Person. Consists of 71,340 unvested restricted share units, 69,675 unvested share units pursuant to the Issuer's matching share program, and 284,709 Class A Comon Shares owned by the Reporting Person.
Total shares bought 30,000 shares Open-market purchases of Class A Common Shares
Weighted average price (first block) $11.31/share 15,000 Class A Common Shares purchased on May 26, 2026
Weighted average price (second block) $11.48/share 15,000 Class A Common Shares purchased on May 27, 2026
Indirect holdings after trades 75,000 shares Class A Common Shares held by Olympic Bahamas Limited
Direct and award-related interests 425,724 units/shares Direct RSUs, matching units, and Class A shares
Unvested restricted share units 71,340 units Part of Matarazzo’s direct interests
Unvested matching share units 69,675 units Issuer’s matching share program
Directly owned Class A shares 284,709 shares Direct ownership by Matarazzo
open-market purchase financial
"transaction_action: "open-market purchase" for Class A Common Shares"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially owned financial
"Represents Class A Common Shares beneficially owned by Patria Holdings Limited"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
restricted share units financial
"Consists of 71,340 unvested restricted share units"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
matching share program financial
"69,675 unvested share units pursuant to the Issuer's matching share program"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Neto Olimpio Matarazzo

(Last)(First)(Middle)
60 NEXUS WAY, 4TH FLOOR

(Street)
CAMANA BAYGRAND CAYMANKY1-9006

(City)(State)(Zip)

CAYMAN ISLANDS

(Country)
2. Issuer Name and Ticker or Trading Symbol
Patria Investments Ltd [ PAX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Shares05/26/2026P15,000A$11.31(1)60,000ISee Footnote(3)
Class A Common Shares05/27/2026P15,000A$11.48(2)75,000ISee Footnote(3)
Class A Common Shares425,724(4)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.27 to $11.38, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
2. The price reported in Column 4 is a weighted average price. These Class A Common Shares were purchased in multiple transactions at prices ranging from $11.38 to $11.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon full request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.
3. Represents Class A Common Shares beneficially owned by Patria Holdings Limited, which were purchased and are directly held by Olympic Bahamas Limited, an entity owned and controlled by the Reporting Person.
4. Consists of 71,340 unvested restricted share units, 69,675 unvested share units pursuant to the Issuer's matching share program, and 284,709 Class A Comon Shares owned by the Reporting Person.
/s/ Olimpio Matarazzo Neto05/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Patria Investments (PAX) director Neto Olimpio Matarazzo recently do with company shares?

Matarazzo-related entity Olympic Bahamas Limited bought 30,000 Class A shares in the open market. The purchases were made at weighted average prices of $11.31 and $11.48 per share, increasing the entity’s indirect holdings in Patria Investments Ltd to 75,000 Class A Common Shares.

At what prices were the recent Patria Investments (PAX) insider purchases executed?

The entity linked to Matarazzo bought shares at weighted average prices of $11.31 and $11.48. Footnotes state these were executed through multiple trades in ranges of $11.27–$11.38 and $11.38–$11.53, respectively, reflecting typical execution across several market transactions.

What is Neto Olimpio Matarazzo’s overall stake in Patria Investments (PAX) after these trades?

The filing shows 425,724 Class A-related interests held directly and through equity awards, plus 75,000 indirect shares. The direct figure consists of unvested restricted share units, matching share program units, and 284,709 directly owned Class A Common Shares, indicating a substantial position.

Were the Patria Investments (PAX) insider share purchases made in a single trade or multiple trades?

The purchases were completed through multiple trades at different prices within narrow ranges. Footnotes explain that each reported weighted average price reflects numerous transactions, and detailed per-trade pricing can be provided to the issuer, security holders, or SEC staff upon request.

Who actually holds the recently purchased Patria Investments (PAX) shares reported for Matarazzo?

The purchased Class A shares are directly held by Olympic Bahamas Limited. Footnotes specify these shares are beneficially owned by Patria Holdings Limited and that Olympic Bahamas Limited is an entity owned and controlled by reporting person Neto Olimpio Matarazzo, giving him indirect economic exposure.